59.1-506.3 - Submissions of information to satisfaction of party. - Virginia Statutes

§ 59.1-506.3. Submissions of information to satisfaction of party.

If an agreement requires that submitted information be to the satisfaction ofthe recipient, the following rules apply:

(1) Sections 59.1-506.6 through 59.1-506.10 and 59.1-507.4 through 59.1-507.7do not apply to the submission.

(2) If the information is not satisfactory to the recipient and the partiesengage in efforts to correct the deficiencies in a manner and over a timeconsistent with the ordinary standards of the business, trade, or industry,neither the efforts nor the passage of time required for the efforts is anacceptance or a refusal of the submission.

(3) Except as otherwise provided in paragraph (4), neither refusal noracceptance occurs unless the recipient expressly refuses or accepts thesubmitted information, but the recipient may not use the submittedinformation before acceptance.

(4) Silence and a failure to act in reference to a submission beyond acommercially reasonable time to respond entitle the submitting party todemand, in a record delivered to the recipient, a decision on the submission.If the recipient fails to respond within a reasonable time after receipt ofthe demand, the submission is deemed to have been refused.

(2000, cc. 101, 996.)